(Ted Shaffrey/AP)
Stocks wipe out gains after Fed signals rate hike in March
The Dow, which had been up roughly 600 points, ends the session with a 130-point loss after the central bank spells out its plan for soaring inflation.
A city will require gun owners to have liability insurance in an effort to incentivize safety
The city of San Jose took a step toward adopted what’s believed to be the first measure of its kind in the United States aiming to reduce the risk of gun harm by incentivizing safer behavior.
Crypto collapse erases more than $1 trillion in wealth, forcing a reckoning for everyday investors
Cryptocurrencies have lost roughly half their total value in a matter of weeks, underlining the perils for everyday investors and hiking pressure on Washington regulators to develop a coordinated approach toward overseeing the emerging industry.
- Business
- Perspective
Here are the stocks that powered your 401(k) to a monster performance in 2020 and 2021 and are taking it right back down
What may not be immediately obvious in the market volatility of 2022 is that just seven companies — the same ones that drove the S&P to record highs — are now dragging the market down.
Manufacturers have less than five days’ supply of some computer chips, Commerce Department says
A new Commerce Department report highlighted the severity of a global shortage that has hobbled manufacturing and fueled inflation for more than a year, and that defies easy solutions.
- Personal Finance
- Perspective
Stock markets are turbulent, again. Here’s what experts say you should and shouldn’t do.
So far in 2022, the stock market has seen volatile days of trading. Here's what experts recommend for steering your retirement funds through the current turbulence depending on how close you are to retirement.
Dow ends lower in another dramatic comeback, as Wall Street’s volatile January continues
The S&P 500 sheds 1.2 percent and the Nasdaq slides 2.3 percent in “jaw-dropping” sell-off.
- Personal Finance
- Perspective
In the long run, slow and steady stock-buying easily beats trying to time market dips, experts say
There are risks to basing your investing strategy solely on buying when the market is down. Experts recommend a more steady approach called "dollar-cost averaging."
FTC sues to block $4.4 billion defense merger
Lockheed Martin, the world's largest defense contractor by revenue, had sought to gain additional scale with the purchase of Aerojet Rocketdyne. The Federal Trade Commission wants to block the merger.
January has been a nightmare for investors. Here’s what Wall Street is watching.
The stock market’s fear gauge has soared nearly 100 percent this year as inflation, rate hikes and other worries spark dizzying swings.
CDC is asked to release race and gender data on long covid
Reps. Ayanna Pressley and Don Beyer called on the Centers for Disease Control and Prevention to release data on the prevalence of long covid in the United States, broken down by race and other demographic factors.
As New York rental aid program ran dry, contractor boasted of ‘38 percent margins’
Guidehouse won a $115 million contract to run the state’s program. In leaked video, its CEO boasted of earnings as funds ran dry.
Wall Street plunges through ‘white knuckle’ zone before closing slightly higher
The market volatility comes as investors fret over inflation, interest rates and rising geopolitical tensions.
Why the pandemic’s work-from-home tech darlings are falling back to earth
Netflix, Peloton and other companies were wildly popular when people first started working from home. Now they are under pressure.
Prices are rising all over the world, and leaders see no quick fix
The current bout of inflation marks the end of an era as countries grapple with uneven recoveries.
